STX 0.00% 18.0¢ strike energy limited

Ann: Commercial Update, page-34

  1. nip
    463 Posts.
    lightbulb Created with Sketch. 100
    you' re correct. Scale is the salts depositing onto the metal parts of the pump. They' re most likely using a weak acid to redisolve these salts. The other issue is that the holes in these pumps are so small that small particles of dirt/coal/fracking particles are restricting the flow of these pumps. If left unchecked, they may even block the flow altogether. That is why it is so important to change the pumps over to beam pumps.
    On another note, they have less than 100mmb of water to pump out ( maximum amount that is) to have proof of concept. ie less than 100 days. Hence the constant wording in their announcements of 2nd quarter to have proof of concept.
    Also, from their previous announcement, they are talking to Orica in order to get them to stump up some funds.
 
watchlist Created with Sketch. Add STX (ASX) to my watchlist
(20min delay)
Last
18.0¢
Change
0.000(0.00%)
Mkt cap ! $522.9M
Open High Low Value Volume
18.5¢ 18.5¢ 18.0¢ $363.1K 1.981M

Buyers (Bids)

No. Vol. Price($)
69 2355436 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 2080730 83
View Market Depth
Last trade - 15.07pm 09/08/2024 (20 minute delay) ?
STX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.